Global trade talks continue to make headlines and this time, there have been unconfirmed reports that the US is planning to announce on Thursday that negotiations with Mexico over a revised NAFTA are finally progressing, notes the research team at Danske Bank.
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“This could pave the way further for Canada to re-join the talks. However, Mexico later denied the story. USD/MXN dropped on the news. The US and China are set to resume trade talks in Washington later this week.”